The Equator Principles Association hosts its largest ever Annual Meeting, launches the Biodiversity for Banks Program and contributes to the IFC's Community of Learning

24 -27 October 2011

The Equator Principles (EP) Association held its largest ever Annual Meeting on 24 October 2011 in Washington DC. Equator Principles Financial Institutions (EPFIs) and Associates discussed and debated numerous important topics related to the EP III Update process. Members heard proposals from Task Forces and Working Groups, who have been working on key thematic areas arising out the EP Strategic Review, including scope, climate change, reporting and transparency and further proposals on how to integrate the new IFC Performance Standards language on social risks, stakeholder engagement and human rights into EP III.

Feedback from members during the meeting will be taken on board and the EP Association will move towards producing the draft EP III with the aim of having it available for formal stakeholder comment and review in early 2012. A further item to note was the new appointment of Export Development Canada to the EP Association Steering Committee (see the EDC Press Release).

Following the EP Annual Meeting members participated, with other financial institutions and banking peers, in IFC's annual Community of Learning event (25-26 October 2011) which focused on the implementation of the IFC's updated Performance Standards.

The EP Association also co-launched the new Biodiversity for Banks (B4B) program, with World Wildlife Fund (WWF) and the Business and Biodiversity Offsets Program (BBOP), to help financial institutions manage risks from biodiversity and ecosystem services in their lending decisions consistent with the new IFC Performance Standard 6. For more information on the program go to Biodiversity for Banks and click the link for the Press Release.